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Property profile & analytics

11500 Pulaski Rd Alsip, IL 60803-1610

  • Retail space
  • 0.62 lot acres
OFF-MARKET
Value Estimations
$305,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-1917993
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • DaVita Alsip Ht At Home / Medical Center / Dialysis Center

Property Details for 11500 Pulaski Rd

Lot size
0.62 lot acres
Property type
Retail space
APN
24-22-406-018
APU
2422406018

Description

This 6,834 square foot multi-tenant retail property in Alsip, Illinois, presents a compelling investment opportunity. Located at 11500 South Pulaski Road, this 2013-built building sits on a 0.62-acre lot and boasts a prominent corner location with high visibility. Currently 54% occupied, the property features DaVita Dialysis as a strong anchor tenant, recently renewing their lease for an additional five years with 10% rent bumps in each of three 5-year lease options. DaVita's lease is guaranteed by its parent company, providing significant financial security. The remaining 3,174 square feet of divisible space offers excellent potential for additional income generation, benefiting from high traffic counts exceeding 43,800 vehicles daily. The property's strategic location within the Chicago MSA, less than 16 miles southwest of downtown, places it near numerous national retailers, including Jewel Osco, ALDI, and Walgreens. A dense population of over 139,500 residents within a 3-mile radius, with an average household income exceeding $93,800, provides a robust customer base. The property's net lease structure with DaVita allows for 100% recapture of their pro rata share of operating expenses, creating a passive income stream. The current pro-forma NOI is $137,652, with a pro-forma cap rate of 10.50%. The asking price is $1,311,000. This property offers a blend of secure income and significant value-add potential.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $305,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Alsip
County
Cook
State
Illinois
Longitude
-87.7207
Latitude
41.6837
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$97,897
$57,007
$186,743
$243,750
-
$228,028
$746,972
$975,000
More about this property
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